Digital Currency Group (DCG), the giant investor in the cryptocurrency industry, announced that it has completed the payment of all short-term loans received from Genesis.
DCG announced that it has paid all its short-term debts to Genesis, with which it had great tensions. by company January 5 picture made on the day in the statementto Genesis $700 million last approx. including all short-term debt In a 1 year period total $1 billion refund It was stated that it was done.
Especially 2022 As a result of the bankruptcies in 2018, there was a serious conflict between Genesis and DCG. There was an existential crisis and each other on both sides he accused harshly.
DCG, as of the first days of 2024 has paid all its due debts He instilled confidence in his creditors by stating that they will fulfill their financial commitments in the future as well:
As DCG, we are pleased to announce that we have completed the payment of all short-term loans we received from genesis. In total, DCG has paid off more than 1 billion owed to its creditors in just over a year, including nearly 700 million to Genesis, and has satisfied all obligations currently due. With this milestone behind us, we look forward to DCG’s next chapter and the future growth of our industry. And, as always, we will continue to meet our financial commitments.